| Summary of Equity Reserves and Retained Earnings |
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Consolidated |
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June 30, 2026 |
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June 30, 2025 |
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A$ |
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A$ |
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(a) Reserves |
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Options issued reserve |
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19,116,205 |
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19,116,205 |
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Conversion feature of convertible note reserve |
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— |
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2,589,486 |
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Foreign currency translation reserve |
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11,303,835 |
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16,807,559 |
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Share-based payment reserve |
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4,257,224 |
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4,471,605 |
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34,677,264 |
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42,984,855 |
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Movement in options issued reserve were as follows: |
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Opening balance and closing balance |
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19,116,205 |
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19,116,205 |
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Movements in conversion feature of convertible note reserve: |
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Opening balance |
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2,589,486 |
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2,589,486 |
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Transfer to accumulated losses on conversion of Convertible Notes |
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(2,006,280 |
) |
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— |
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Transfer to contributed equity on conversion of Convertible Notes |
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(583,206 |
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— |
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Ending balance |
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— |
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2,589,486 |
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Movement in foreign currency translation reserve were as follows: |
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Opening balance |
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16,807,559 |
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2,423,316 |
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Currency translation differences arising during the year |
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(5,503,724 |
) |
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14,384,243 |
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Ending balance |
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11,303,835 |
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16,807,559 |
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Movement in share-based payment reserve were as follows |
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Opening balance |
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4,471,605 |
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5,934,705 |
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Option and Performance rights expensed during the year |
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1,589,774 |
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1,163,543 |
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Exercise of vested performance rights transferred to contributed equity |
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(1,804,155 |
) |
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(2,626,643 |
) |
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Ending balance |
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4,257,224 |
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4,471,605 |
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(b) Accumulated losses |
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Movement in accumulated losses were as follows: |
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Opening balance |
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(444,081,322 |
) |
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(382,647,157 |
) |
Net loss for the year |
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(79,304,563 |
) |
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(61,434,165 |
) |
Transfer from conversion feature of convertible note reserve on conversion of convertible notes |
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2,006,280 |
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— |
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Transfer from convertible note liability on conversion of convertible notes |
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583,206 |
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— |
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Ending Balance |
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(520,796,399 |
) |
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(444,081,322 |
) |
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